Mining City is launching a new cryptocurrency scam to rescue its collapsing old one.

The company announced Electric Cash on December 12th through social media, a fresh token designed to absorb what remains of its deteriorating user base. CEO Gregory Rogowski made the announcement. Owner Eyal Avramovich is developing the new coin—the same man who created Bitcoin Vault, Mining City's previous failed cryptocurrency.

Bitcoin Vault followed the predictable trajectory of a Ponzi scheme after hitting dubious exchanges. It tanked. Regulatory action against Mining City in the Philippines has shattered affiliate recruitment, and without new money flowing in, BTCV will continue its slide into worthlessness.

Enter Electric Cash.

The pitch is simple: Mining City wants its remaining investors to lock their worthless BTCV tokens into the platform for a set period. In return, they get free Electric Cash. Rogowski's language masks the mechanics. "Stake," in this context, means deposit your BTCV with Mining City and pray the company doesn't collapse before you get it back.

The system is engineered to cost Mining City virtually nothing. They generate Electric Cash on demand, the same way they did with BTCV. One Ponzi shitcoin propping up another.

What happens when the money stops flowing? Rogowski claims Mining City will "continue to support BTCV," but that's hollow. Without fresh investor recruitment, the actual cash taken in for BTCV will eventually dry up. At that point, funding withdrawal requests becomes impossible. The math is brutal and inevitable.

Rogowski and Avramovich run the operation from Poland. In videos shot on December 11th, both men appeared in the same private residence. Rogowski filmed from one angle with windows behind him; Avramovich shot his footage from another perspective, sitting at the same table against a bar backdrop. They were in the same room at the same time, just pointing cameras in different directions.

Avramovich's video ran 2 minutes and 59 seconds. Most of it was spent defending two cryptocurrencies that function as vehicles for stealing investor money. His explanation carried the weight of a desperate man trying to convince people that fraud isn't fraud.

On August 3rd, 2022, Avramovich deleted the video. It vanished from wherever it lived. Rogowski's own defense video remained online, still available for anyone curious enough to watch a scammer explain his operation.

The pattern is clear. When one scheme deteriorates, launch another. Convince investors their losses might recover if they just deposit into the next token. Keep them engaged, keep them hoping, keep them from cashing out. As long as affiliate recruitment continues, the money flows upward. The moment it stops, the entire structure collapses.

Mining City is betting there are still enough people willing to believe.

🤖 Quick Answer

What is Electric Cash in relation to Mining City?
Electric Cash is a newly launched cryptocurrency announced by Mining City in December, developed by owner Eyal Avramovich. It represents the company's attempt to retain its deteriorating user base following the collapse of its previous token, Bitcoin Vault, amid regulatory challenges and declining investor confidence.

Who is Eyal Avramovich and what is his role?
Eyal Avramovich is the owner of Mining City and developer of both Bitcoin Vault and Electric Cash. He has been instrumental in launching the company's cryptocurrency ventures, including the failed Bitcoin Vault token that experienced significant market decline after exchange listings.

Why did Bitcoin Vault fail?
Bitcoin Vault declined substantially after listing on dubious exchanges, following the typical pattern of Ponzi schemes. Its collapse was accelerated by regulatory action against Mining City in the Philippines, which severely disrupted affiliate recruitment and halted new

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